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Last $51.86 USD
Change Today -0.07 / -0.13%
Volume 626.7K
AGCO On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

agco corp (AGCO) Snapshot

Open
$52.00
Previous Close
$51.93
Day High
$52.41
Day Low
$51.68
52 Week High
06/23/14 - $57.46
52 Week Low
12/1/14 - $41.56
Market Cap
4.6B
Average Volume 10 Days
835.5K
EPS TTM
$4.09
Shares Outstanding
88.1M
EX-Date
05/13/15
P/E TM
12.7x
Dividend
$0.48
Dividend Yield
0.89%
Current Stock Chart for AGCO CORP (AGCO)

agco corp (AGCO) Related Businessweek News

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agco corp (AGCO) Details

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers tractors, including high horsepower tractors that are used on larger farms primarily for row crop production; utility tractors for small- and medium-sized farms, as well as for specialty agricultural industries comprising dairy, livestock, orchards, and vineyards; compact tractors for small farms, specialty agricultural industries, landscaping, and residential uses; and combines used in harvesting grain crops, such as corn, wheat, soybean, and rice products. It also provides application equipment, including self-propelled three- and four-wheeled vehicles, and related equipment for use in the application of liquid and dry fertilizers and crop protection chemicals; and chemical sprayer equipment for use in planting crops and after crops emerge from the ground. In addition, the company offers hay tools and forage equipment comprising round and rectangular balers, self-propelled windrowers, disc mowers, spreaders, rakes, tedders, and mower conditioners for harvesting and packaging vegetative feeds used in the beef cattle, dairy, horse, and renewable fuel industries. Further, it provides implements, including disc harrows; leveling seed beds and mixing chemicals with the soils; heavy tillage to break up soil and mix crop residue into topsoil; field cultivators, which prepare smooth seed bed and destroy weeds; drills that are used for small grain seeding; and planters and loaders. Additionally, the company offers grain storage bins and related drying and handling equipment systems, as well as swine and poultry feed storage and delivery, ventilation, and watering systems; replacement parts; and produces diesel engines. It markets its products under the Challenger, Fendt, GSI, Massey Ferguson, and Valtra brands through a network of independent dealers and distributors. The company was founded in 1990 and is headquartered in Duluth, Georgia.

20,800 Employees
Last Reported Date: 02/27/15
Founded in 1990

agco corp (AGCO) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.3M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $521.3K
Chief Supply Chain Officer and Senior Vice Pr...
Total Annual Compensation: $571.4K
Senior Vice President and General Manager of ...
Total Annual Compensation: $473.8K
Compensation as of Fiscal Year 2014.

agco corp (AGCO) Key Developments

AGCO Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015

AGCO reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. The company reported net sales of approximately $1.7 billion for the first quarter of 2015, a decrease of approximately 27.0% compared to net sales of approximately $2.3 billion for the first quarter of 2014. Reported net income was $0.34 diluted per share and adjusted net income, excluding restructuring and other infrequent expenses, was $0.43 per share for the first quarter of 2015. These results compare to reported and adjusted net income diluted per share of $1.03 for the first quarter of 2014. Income from operations was $46.8 million against $155.7 million a year ago. Income before income taxes and equity in net earnings of affiliates was $26.8 million against $130.6 million a year ago. Net income attributable to AGCO Corporation and subsidiaries was $30.1 million against $99.6 million a year ago. Net cash used in operating activities was $286.0 million against $511.0 million a year ago. Purchases of property, plant and equipment was $62.9 million against $101.2 million a year ago. For 2015, net sales are expected to range from $7.7 to $7.9 billion, reflecting the impacts of weaker market conditions and unfavorable currency translation. Gross and operating margins are expected to be below 2014 levels due to the negative impact of lower sales and production volumes along with a weaker sales mix. Based on these assumptions, 2015 earnings per share are targeted at approximately $3.00, excluding restructuring and other infrequent expenses, despite additional negative currency translation impact. Based on these assumptions, the company is targeting 2015 adjusted earnings per share of approximately $3 per share. The company expects capital expenditures to be approximately $300 million and free cash flow to be approximately $300 million. The company is targeting an effective tax rate in the range of 35% to 36% for 2015. In the second quarter of 2015, sales and earnings per share are expected to be significantly lower than reported for the second quarter of 2014 due to lower sales and production levels discussed earlier. Second quarter earnings per share are expected to be approximately $1 per share.

AGCO Corporation Announces Quarterly Dividend, Payable on June 15, 2015

AGCO Corporation announced that its Board of Directors declared a regular quarterly dividend of $0.12 per common share to be paid on June 15, 2015 to all stockholders of record as of the close of business on May 15, 2015.

AGCO Corporation to Report Q1, 2015 Results on Apr 28, 2015

AGCO Corporation announced that they will report Q1, 2015 results at 10:00 AM, Eastern Daylight on Apr 28, 2015

 

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Industry Analysis

AGCO

Industry Average

Valuation AGCO Industry Range
Price/Earnings 14.0x
Price/Sales 0.5x
Price/Book 1.5x
Price/Cash Flow 11.9x
TEV/Sales 0.3x
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